Roth Conversion Annuity Updates For 2025

00:00 💼 Roth conversions can be complex, especially when considering where to keep the money during the process. 00:12 🏢 Atlas Financial Strategies specializes in safe money retirement strategies. 01:07 📊 Qualified money means you pay taxes upon withdrawal, leading to Roth conversions becoming an attractive strategy. 02:12 🏦 Annuity Roth conversions involve moving funds from a qualified account to a Roth annuity. 03:29 💵 Taxes are owed upon conversion, and paying them out of pocket is advisable to maximize Roth annuity contributions. 04:23 🔄 Conversions can be done fully, partially, or systematically over time. 05:02 💸 Surrender charges apply if taxes surpass the penalty-free withdrawal limit. 05:30 🛑 Incomplete conversions can still allow for income activation from both policies. 06:37 ⏳ Each Roth conversion initiates a new 5-year clock, impacting tax penalties for early withdrawals. 08:00 🗂️ Having an existing IRA might negate the 5-year rule for new Roth annuities. 08:26 📉 Roth conversions can mitigate future taxes, reduce RMD burdens, and pass tax-free money to beneficiaries. 10:06 ⚠️ Consult with a tax professional before making decisions on tax strategies.